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BLOG: Autumn 2024 Budget: Support, prevention and deterrence to close the UK tax gap The Autumn 2024 budget sees the UK’s new Labour government act on a number its pre-election manifesto pledges (discussed here), and intentions stated in its ‘Close the Tax Gap’ document, to decrease the UK’s ‘tax gap’. This is the difference between tax c... BLOG: Who has won the MAP awards? Dispute prevention and resolution is a key theme of the OECD’s annual “Tax Certainty Day”. The 2024 edition took place in Athens on 15 November 2024. Mutual agreement procedure (MAP) and advance pricing agreement (APA) statistics were published, and award... BLOG: How do you value an APA after the Court of Appeal's decision in Refinitiv? Transfer pricing experts are used to grappling with some tricky valuation questions when it comes to intellectual property rights.  After all, to quote (butcher?) the old Ronseal adverts, “hard to value intangibles” do exactly what it says on the tin... BLOG: Partial enquiry notices – thumbs up or thumbs down? Mind the pennies and the pounds will look after themselves” is something my grandmother often said to me in days when pocket money was still dished out in shiny coins!  It seems HMRC has taken heed of this advice, too, in its pursuit of the large pro... BLOG: Purposive interpretation by the UK Supreme Court in Cobalt Data Centre In what appears to be a case confined to the application of the now expired capital allowances regime in respect of “enterprise zones”, the UK Supreme Court in Cobalt Data Centre, once again, gave an important lesson that is always worth bearing in mind f... BLOG: Impact of the US election: what does it mean for tax policy? In a special episode of Slaughter and May’s Tax News podcast, we asked Arvind Ravichandran, Tax Partner at Cravath, Swaine & Moore LLP, what U.S. tax policy may look like during a second Trump Administration.  BLOG: Balancing growth and taxes: the UK government's corporate tax roadmap The announcement of a Spring Statement (rather than another Budget) on 26 March 2025 chimes with the promise of “predictability, stability and certainty” in the UK government’s corporate tax roadmap (which had sat uneasily with the surprise announcement o... BLOG: Can you get tax deductions for payments in lieu of penalties? The UK Court of Appeal says YES! UK regulators had investigated failings by several energy providers. The investigations were settled with the imposition of nominal £1 penalties and redress payments totalling around £28 million. The nominal penalties were non-deductible for corporation t... BLOG: The Sustainability ‘Omnibus’ - what is it, and what does it mean for companies? The President of the European Commission Ursula von der Leyen created a bit of a stir recently at an informal meeting of heads of state in Budapest, by mentioning the idea of introducing an ‘omnibus’ instrument to cut sustainability-related red tape. ... BLOG: Our reflections from the 13th UN Forum on Business and Human Rights Last week, Moira Thompson Oliver and Rosie Duthie attended the 13th UN Forum on Business and Human Rights (the “Forum”).  The Forum brings together people from government, business, civil society, academia, and communities for discussions on business...